No it doesnt just work out that way. ALttP obviously takes place not too long after TP and LoZ and AoL is obviously taking place centuries after TP, TMC could very well be one of the first Zeldas, the Oracles could fit almost anywhere. All the 2D games are not connected. See I base my timeline...
I only have one problem with this. Just because a game is 2D doesnt decide on its own where the game goes into the timeline. Thats almost like making the Zelda series prejudice.